Housing News from The Wizard of Waz

Real Estate Sales Representative - Wizards of Waz Real Estate
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I've just posted the latest report on the housing market in Maricopa Arizona. Invenories continue to decline and are now at a level not seen since APR 2101. Buying activity remains strong as "snowbirds" continue to arrive. Raed the full report on my website blog at http://bit.ly/fkhPdf  
I came across this article and found it to be a good Q & A to give everyone a better understanding of this very complicated issue. You won't find a lot of answers here, but if you have had any questions about Fannie and Freddies role this might help you out. http://bit.ly/g6hRue  
A summary of the new that hit HousingWires desk over the weekend. One of the more intersting tidbits this week is a list of commercial and multi family loan servicers by volume in 2010. Wells Fargo easily leads the way with $451.1 billion. They were followed by PNC/Midland ($337.4 billion), Berka...
SB 1149 (HOA; condo; document fees- sponsored by Senator Andy Biggs), which as amended by the committee limited the fees that a condominium or planned community could charge for the preparation of required documents, as well as prohibited a condominium or planned community from charging a fee for...
Analysts have given us all sorts of predictions on the housing market but if there is one thing that appears to be a common thread it is that the "double dip" will occur sometime in the middle of 2012. This article explains that although Bank of America Merril Lynch startegists see improving valu...
The Greater Phoenix area home sales in December rose 25% over November and was the highest level for a December in five years. Foreclosure resales represented over 56% of the sales which is no surprise as Arizona ranks second only to Nevada in the persentage of foreclosed homes. It is also very i...
Though I have been aware of the problems with the subprime mortgage industry all along, this article really hit home! It underlines what a total, unregulated mess it was back in the "boom " years. Since I specialize in short sales in Maricopa Arizona, I hear first hand from homeowners about what ...
Surprise! Surpirise. I'm not sure why it has taken so long for the government to acknowledge this but now at least they know what we have known for quite some time. This atricle does not paint a very good picture for the program and once again points out that the lenders are not all that eager to...
The latest numbers show that inventory continues to decline due to strong buyer activity coupled with the lack of the expected surge in short sales and foreclosures. As a result, values are holding fairly steady for the time being. The big question is: What are the lenders going to do with their ...
A weekly look at the weekend's news wire, brought to you bu=y HoussingWire. The most interesting news is that Regulation Z becomes effective today. hTis is a monthly payment disclosure within mortgages that is similar to the one imposed on credit cards awhile back. The full paymnet shcdule of loa...

Bill "Waz" Wasowicz

local_phone(520) 840-0185
smartphone(480) 390-5043
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We live, work, play and know the Maricopa area. We specialize in Short Sales and Foreclosures and love to help any buyer find the right investment or any seller conduct their sale properly and in the right time. Contact us anytime for updates in listings and the latest in short sales and foreclosures in Maricopa AZ homes.